FalconStor Software, Inc. (FALC) Upgraded to “Hold” at ValuEngine

FalconStor Software, Inc. (NASDAQ:FALC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday, September 11th.

FalconStor Software (NASDAQ FALC) opened at 0.247 on Monday. FalconStor Software has a 12-month low of $0.14 and a 12-month high of $1.10. The company’s market capitalization is $11.01 million. The stock has a 50 day moving average of $0.34 and a 200-day moving average of $0.32.

FalconStor Software (NASDAQ:FALC) last announced its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $6.73 million during the quarter. Equities analysts expect that FalconStor Software will post ($0.18) earnings per share for the current year.

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In other FalconStor Software news, major shareholder Esw Capital, Llc bought 1,382,884 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $0.37 per share, with a total value of $511,667.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 23.40% of the stock is owned by insiders.

An institutional investor recently raised its position in FalconStor Software stock. Virtu KCG Holdings LLC lifted its position in FalconStor Software, Inc. (NASDAQ:FALC) by 1,043.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 408,350 shares of the software maker’s stock after buying an additional 372,624 shares during the period. Virtu KCG Holdings LLC owned approximately 0.92% of FalconStor Software worth $106,000 at the end of the most recent reporting period. 19.61% of the stock is currently owned by institutional investors.

FalconStor Software Company Profile

FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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